Cigar Family Charitable Foundation Inc

Analysis

Cigar Family Charitable Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cigar Family Charitable Foundation Inc reported income of $2.5m and spending of $1.3m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.5m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cigar Family Charitable Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Veterans Outreach ($2.5m), Iola Foundation ($2.5m) and Asian American Futures ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $7.2m against liabilities of $52k, net assets of $7.2m.